CRWD funding rates

CRWD perpetual funding across 5 venues. Rates are annualized (APR); positive means longs pay shorts.

Data as of 2026-10-12 04:01 UTC · refreshed every 5 min

Best pair · 7d: 3.3%long GRVT, short Aster · net −1.2%
Highest funding now: 0.0%Aster
Lowest funding now: 0.0%Aster
Listed on: 5 venues

Funding by venue

													Flags	Open
Aster	CRWDUSDT	0.0%	0.0%	0.0%	0.0%	0.0%	0%	8h	08:00	278.30	$10k	$548	TradFi	AsAster
GRVT	CRWD_USDT_Perp	0.0%	0.0%	−3.3%	−2.2%	−3.8%	0%	8h	08:00	278.25	$991	$136k	TradFi	GrGRVT
Variational	CRWD	0.0%	0.0%	−0.1%	0.2%	−0.1%	0%	8h	—	278.18	$250k	$24k	TradFi	VaVariational
BybitCEX	CRWDUSDT	0.0%	8.7%	−1.5%	−7.2%	−3.2%	4%	8h	08:00	278.17	$1.1M	$144k	TradFi	ByBybit
BitgetCEX	CRWDUSDT	0.0%	0.0%	0.0%	0.3%	0.0%	0%	8h	08:00	278.53	$900k	$328k	TradFi	BgBitget

Sparklines: hourly funding APR over the last 7 days, zero line dashed.

Long/short pairs

Funding spreads, annualized: short-leg rate minus long-leg rate.
											Flags	Open	Calc
		Spread APR				After taker fees			Quality
GRVT	Variational	0.0%	0.0%	3.2%	2.4%	0.8%	1.3%	10d	weak	$991	low OITradFispread not incl.	Gr Va	calc
BybitCEX	Variational	0.0%	−8.7%	1.4%	7.4%	−1.5%	−2.2%	29d	weak	$250k	TradFispread not incl.	By Va	calc
GRVT	Aster	0.0%	0.0%	3.3%	2.2%	−1.2%	−1.8%	19d	weak	$991	low OITradFi	Gr As	calc
Variational	BitgetCEX	0.0%	0.0%	0.1%	0.1%	−3.1%	−4.6%	708d	weak	$250k	TradFispread not incl.	Va Bg	calc
Variational	Aster	0.0%	0.0%	0.1%	−0.2%	−2.0%	−3.0%	472d	weak	$10k	low OITradFispread not incl.	Va As	calc
GRVT	BitgetCEX	0.0%	0.0%	3.3%	2.5%	−2.2%	−3.3%	24d	weak	$991	low OITradFi	Gr Bg	calc
BybitCEX	BitgetCEX	0.0%	−8.7%	1.5%	7.5%	−4.5%	−6.8%	57d	weak	$900k	TradFi	By Bg	calc
GRVT	BybitCEX	0.0%	8.7%	1.8%	−5.0%	−3.4%	−5.1%	41d	weak	$991	low OITradFi	Gr By	calc
BybitCEX	Aster	0.0%	−8.7%	1.5%	7.2%	−3.5%	−5.2%	47d	weak	$10k	low OITradFi	By As	calc

What the columns and badges mean

now: Current funding spread APR: short-leg rate minus long-leg rate, annualized.
24h: Average spread APR over the last 24 hours, on hours when both venues have data (settled funding, plus predicted rates for hours not settled yet).
7d: Average spread APR over the last 7 days, on hours when both venues have data (settled funding, plus predicted rates for hours not settled yet). Used for ranking and net APR.
30d: Average spread APR over the last 30 days, on hours when both venues have data (settled funding, plus predicted rates for hours not settled yet).
7d trend: Spread APR over the last 7 days in 6-hour averages; the dashed line is zero.
Net APR: 7d spread APR minus taker fees to open and close both legs, spread over the holding period: net = spread7d − fees × 365 / days. Per unit of notional per leg.
On capital: Net APR on the capital posted for both legs at this leverage: net × leverage / 2.
Breakeven: Days of 7d-average funding needed to pay back open+close taker fees.
Min OI: Smaller open interest of the two legs, USD.
steady: Steady: prior-week spread at least 5% APR, last 24h positive and no spike, positive now. Not negative in X% of hours over 7 days.
spike: The last 24h spread is far above the prior 6-day average (more than 3×, or above 15% APR after a weak prior) — it may not last.
mixed: The spread was negative too often: not negative in only X% of hours over 7 days.
new: Less than 4 days of shared history in the prior week: stability cannot be judged yet.
weak: Prior-week spread under 5% APR: too small to call steady.
cooling: The prior week was solid, but the last 24h or the current spread is not positive.
≠ asset?: Mark prices differ by N bps — these may be different assets under one ticker, or contracts of a different size (e.g. per 1,000 coins). Verify before trading.
stale: At least one leg has not updated for over 30 minutes.
low OI: Open interest under $50k on at least one leg — size carefully.
8h/1h: Funding intervals differ (8h vs 1h): payments are not simultaneous.
TradFi: Tokenized stock, index or commodity: trading sessions and oracle rules may differ.
invite only: Invite-only venue: an account needs an invite code, so it is not selected by default. Tick it in the venue filter to include it.
spread not incl.: A leg trades on quotes with no fee (Variational): the cost is the market maker's quote spread, which we cannot see, so the net APR is before it. Compare the quote with the mark price before you trade.
CEX: Centralized exchange: trading needs an account with identity verification (KYC).

Prices now

Buy on the row's venue at its ask, sell on the column's venue at its bid; spread before fees.

Indicative · marks from 2026-10-12 04:01 UTC

Live quotes are unavailable right now (last update: never). Shown instead: indicative spreads between mark prices from the funding snapshot. Marks are taken minutes apart and are not prices you can trade at.

CRWD · TradFi

No two venues give a usable spread right now.

CRWD: spread buying on the row's venue and selling on the column's venue
Buy ↓ · Sell →	Bitget278.53	Aster278.304	GRVT278.252	Variational278.178	Bybit278.17
Bybit278.17	0.129%	0.048%	0.029%	0.003%	—
Variational278.178	0.127%	0.045%	0.027%	—	−0.003%
GRVT278.252	0.100%	0.019%	—	−0.027%	−0.029%
Aster278.304	0.081%	—	−0.019%	−0.045%	−0.048%
Bitget278.53	—	−0.081%	−0.100%	−0.127%	−0.129%

All quotes (5)

Venue	Bid	Ask	Quality	Age	Vol 24h	Flags
Aster	278.304	278.304	mark	4m	$548	closedno FX
BitgetCEX	278.53	278.53	mark	3m	$328k	closedno FX
BybitCEX	278.17	278.17	mark	3m	$144k	closedno FX
GRVT	278.252	278.252	mark	4m	$136k	closedno FX
Variational	278.178	278.178	mark	4m	$24k	closed

All spreads → · Hatched cells use a mark or mid price, a flagged venue or one outside the default selection.

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